Capstone Building Corp

Capstone Building Corp is a general contractor based in Birmingham, Alabama that specializes in multifamily construction, student housing, senior living, and mixed-use development. The firm builds ground-up rental communities across the Sun Belt and beyond, the format that has carried most of the country’s new apartment starts. In July 2026 Capstone began construction on The Gateway, a 270-unit luxury multifamily development in Orlando with about 417,000 square feet of residential, parking, and amenity space, developed with JBL Asset Management. Capstone’s work sits squarely in the housing types that keep leasing even as broader commercial construction slows.

Capstone Building Corp is a Birmingham, Alabama general contractor founded in 1997 by Jay Chapman, who led it as president and CEO until 2025. The firm built its early reputation in student housing — its focus for the first five years — before broadening into the wider multifamily housing market it is known for today.

That specialization is the core of the business. Capstone delivers multifamily and student housing projects across the Southeast and the United States, offering the full arc of services from design and pre-construction through construction and post-construction warranty work. Concentrating on one building type lets the firm carry hard-won subcontractor relationships and cost knowledge from job to job rather than starting fresh on unfamiliar project types.

The track record backs the focus: more than 111 completed projects across 22 states, with a combined value above $1.7 billion. For apartment and student-housing developers working in the Southeast, Capstone positions itself as a specialist contractor rather than a general-practice builder.